This group brings together the best thinkers on energy and climate. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.


FERC proposes new accounts for the Uniform System of Accounts for renewable assets

Russ Hissom's picture
Owner, Utility Accounting Education Specialists -

Russ is the owner of Utility Accounting Education Specialists a firm that provides power utilities consulting services and online/on-demand courses on accounting, finance, FERC best-practices,...

  • Member since 2021
  • 113 items added with 34,479 views
  • Aug 5, 2022

FERC issued a Notice of Proposed Rulemaking (NOPR) for creating these new accounts for wind, solar, and other non-hydro renewable assets, energy storage, renewable energy credits, and technology.

Comments can be made for 45 days after publishing in the Federal Register. 

This is a welcome addition to your chart of accounts and will stop the need to customize account numbers, plus be an aid in performing and refining electric cost of service studies. 

Here's a link to the press release.


Russ Hissom

Utility Accounting Education Specialists

Matt Chester's picture
Matt Chester on Aug 5, 2022

Seems pretty straightforward-- is there any notable opposition to this? 

Russ Hissom's picture
Russ Hissom on Aug 9, 2022

Thanks for the question, Matt. This is long overdue. The most recent version of the FERC USOA is from the 1960's, with a bit of an update in the 1990's for market based activities.

Russ Hissom's picture
Thank Russ for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »